Executive Summary

• Battery revenues in Great Britain averaged £50.3k/MW in October 2024, the highest monthly earnings in a year.
• The top-performing systems earned up to £78k/MW by leveraging Dynamic Regulation and the Balancing Mechanism.
• Balancing Mechanism dispatches tripled from early 2024, creating new revenue opportunities, with Buxton securing more Offer dispatches than any other battery.

Subscribers to Modo Energy’s Research will also find out:

• How Wishaw optimized imports through Balancing Mechanism Bids to cut costs and increase profits.
• Why Roaring Hill’s Dynamic Regulation strategy led to higher wholesale market revenues than any other battery.
• How NESO’s control room changes have improved battery dispatch rates, reshaping revenue strategies.

To get full access to Modo Energy’s Research, book a call with a member of the team today.

Introduction

In October 2024, battery energy storage systems in Great Britain earned an average revenue of £50.3k/MW (annualized). This made October the most lucrative month for batteries in a year. The highest-earning systems followed a range of strategies to achieve this, like focusing on Dynamic Regulation or the Balancing Mechanism.

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